It’s estimated the global healthcare market will be worth £7.7 trillion by 2022 with an annual growth rate of 5.4% between 2017 and 2022, an increase of 2.5% compared to the previous five years.
Between 2017 to 2018, over £17.7 billion was spent on adult social care by local councils in the United Kingdom. This is an increase of 2.5% which was an increase of £402 million on the previous year. As demand grows, local council spending on adult social care will continually be required to adapt to levels of need.
Whilst the population of the UK is predicted to increase year-on-year over the next century which includes the demographic of elderly citizens, trends show that birth rates are falling.
Demand in the over 50 demographic is growing, with nine out of ten people stating they would rather receive care in their home than move into residential care.
This experience and knowledge set’s us apart and as a result, enables us to be better equipped to adapt and respond to the changing needs of the homecare sector.
Since 2019 to date Kare Plus has delivered 1,018,010 hours of care and support to customers in their own homes, but this demand is rapidly expanding as our population grows, so will the demand on public healthcare services and now is the perfect time to establish a business that can capitalise on the growing need for homecare services.
The main contributor to the increase of care hours is due to the ever-expanding number of Kare Plus businesses who are offering homecare services. As you can see from Figure 2. The number of homecare businesses in the Kare Plus network has gone up over 700% since 2015 with over 60% of the network now delivering homecare services.
Here at Kare Plus, we are immensely proud of our network and of our franchise community, all of whom are passionate about not only providing care but also supporting the people who receive the care itself. Only when we meet individuals who share our passion for business and people are, we able to work with them to build businesses which deliver care that is truly outstanding. Kare Plus care is care with a difference, care with a K.
All of our support systems, processes and training are incorporated into our support offering and we utilise over three decades of knowledge to guide you through the process of building a sustainable and successful franchise.
Build a business which grows alongside and supports your local community through the provision of specialist care services in the home. Kare Plus offers numerous services that will not only accommodate the requirements and demands from customers but will also provide multiple revenue streams to your business.
As an established franchisor our finance partners can offer up to 70% funding of the overall purchase price. Choosing the right type of funding is important and should be based around your personal circumstances and the growth forecasts for your business. Our long-standing relationship within the banking and finance industry will ensure that you are able to access a level of advice that meets your bespoke needs.
Contact our team today to find out more about our Homecare by Kare Plus franchising opportunity